Insurers Pay to Play the Telecom Game

Evansville, Ind. — Old National Bancorp, Evansville, Ind., the largest financial holding company headquartered in Indiana, is the latest financial services firm to succumb to patent litigation being discharged by Ronald A. Katz Technology Licensing LP, (RAKTL), Los Angeles, the patent holding company set up by telecom inventor Ronald Katz.

Old National announced the settlement of patent litigation between the parties. As part of the settlement, Old National Bancorp has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.